Ahmedabad, May 17 (IANS) Union Home and Cooperation Minister Amit Shah on Sunday said inadequate town planning had prevented Indian cities from developing properly, as he called for more structured and forward-looking urban development policies while inaugurating the Ganesh Real Estate Management Institute (GREMI) in Ahmedabad.Speaking at the launch event alongside the inauguration of Million Minds Tech City in Tragad neighbourhood, HM Shah said most Indian cities had expanded without long-term …
Latest Real Estate Sector News & Updates
New Delhi, May 7 (IANS) India’s real estate projects need end‑to‑end, enterprise‑led digital transformation due to increasing scale and complexity, as the market is projected to grow from $650 billion in 2025 to $5.8 trillion by 2047, a report said on Thursday.A joint report by KPMG in India and FICCI said that the sector is at an inflection point and technology must move from a peripheral enabler to a foundational driver in a project’s entire lifecycle.Technology must play a more pron…
New Delhi, May 6 (IANS) Shenzhen, long celebrated as the crown jewel of China’s economic transformation, is facing a sharp and unsettling slowdown, raising serious questions about the durability of the country’s growth model under the Chinese Communist Party (CCP), a report has said.For decades, Shenzhen symbolised the success of reform and opening up — an industrial powerhouse where factories operated around the clock, global supply chains converged, and opportunity drew millions seeking p…
New Delhi, May 4 (IANS) India’s real estate investment market sustained exceptional momentum into 2026, with transaction volumes in Q1 CY2026 reaching $1.7 billion, up 37 per cent year‑on‑year, a report said on Monday.The report from JLL said the quarter saw a structural shift toward core asset acquisitions, which surged 178 per cent to $1.03 billion.The trend has accelerated into Q2, with core asset deals already totalling $1.48 billion, signalling sustained confidence in stable, income-g…
New Delhi, April 25 (IANS) Pakistan’s latest revision of property valuation tables by the Federal Board of Revenue (FBR) has once again exposed the formidable influence of the real estate sector and the state’s limited ability to enforce meaningful tax reforms in this domain, a report has said. What was initially presented as a move to bring official land values closer to prevailing market rates has, over time, been steadily watered down through a series of reversals, suspensions and concess…
New Delhi, April 17 (IANS) India’s construction market, currently valued at $685 billion in 2025, is projected to touch $1.2 trillion by 2034 at a CAGR of 6.9 per cent driven by sustained infrastructure investments and urban development, a report said on Friday.The report from Savills India and Hotelivate said that demand for offices remains robust, driven by GCC expansion and occupier preference for Grade-A, sustainable workspaces. Construction costs rose by 6.4 per cent–7.6 per cent, large…
New Delhi, April 14 (IANS) The Central Bureau of Investigation (CBI) registered 22 new cases based on the Supreme Court directions against various builders over their alleged nexus with officials of financial institutions and defrauding of homebuyers, an official said on Tuesday. The CBI conducted extensive searches at 77 locations spread across eight states/Union Territories in connection with these 22 cases, an official statement said.The searches were targeted at an alleged nexus between cert…
New Delhi, April 1 (IANS) The Indian real estate sector recorded the highest first-quarter inflow of institutional investments since 2022, valued at $1.4 billion in January-March 2026, a report showed on Wednesday.Despite registering a quarterly decline of 62 per cent due to an exceptionally high base in the preceding quarter, investments surged by 74 per cent over the same period a year earlier, according to a report by Vestian. This highlights strong investor confidence in India’s real estat…
Mumbai, March 31 (IANS) In a significant move to bolster the state’s real estate sector, the Maharashtra government has decided not to increase the Ready Reckoner rates for the 2026-27 financial year. The Office of the Inspector General of Registration and Controller of Stamps on Tuesday announced that the rates effective from April 1, 2026, will remain at the status quo compared to the previous year (2025-26). This decision was finalised by Revenue Minister Chandrashekhar Bawankule following …
New Delhi, Jan 27 (IANS) Tax evasion in the real estate sector is bleeding Pakistan’s national exchequer roughly Rs 500 billion annually, illicit tobacco is costing another Rs 310 billion, and multiple consumer goods industries are operating outside the documented economy, leading to an annual revenue loss for the government of a staggering Rs 1 trillion, an article in the Pakistani media said.An article in the Karachi-based Business Recorder highlights that tax evasion and smuggling on this m…